WILMINGTON, N.C., May 7, 2019 /PRNewswire/ -- nCino, the
worldwide leader in cloud banking, today announced that
$7.2 billion-asset S&T Bank has
adopted the nCino Bank Operating System to replace numerous
disparate systems and manual processes in favor of a single,
end-to-end solution that spans the Bank's credit-related platforms
across multiple lines of business.
"We were looking for a technology solution that could support
all of our commercial, business and consumer banking processes on
one, end-to-end platform," said Patrick
Haberfield, senior executive vice president and chief credit
officer at S&T Bank. "We spent the better part of a year going
through the vetting process and narrowing down the
prospects. Through that process, it became apparent that nCino
was the only platform that offered everything we were looking for.
With the potential to implement additional nCino solutions down the
line, the flexibility of the platform will continue to support our
vision as we grow."
Recently named to Forbes' World's Best Banks 2019 list, S&T
is committed to upholding its reputation as a model community bank
by delivering consistently superior service and value to its
customers. To support this goal, S&T is implementing nCino in
several areas of the bank, beginning with commercial lending, which
accounts for 75% of the Bank's total loan volume. This supports
S&T's broader initiative to implement one platform that
optimally supports the customer journey and enhances post-approval
workflows, through funding, servicing and on-going management
needs.
The nCino Bank Operating System is helping bring to life
"Today's Vision for Tomorrow's Success" for S&T Bank. With a
single platform that encompasses customer relationship management
(CRM), customer onboarding, account opening, loan origination,
workflow, credit analysis, enterprise content management and
instant reporting capabilities, S&T employees now have
real-time visibility into the loan pipeline and access to a
360-degree view of each customer for faster and more streamlined
interactions.
"Our goal isn't to do things the way we've always done them; our
goal is to be the best by offering a solution that enables a more
positive customer experience, both internally and externally," said
David Antolik, president and chief
lending officer at S&T Bank. "The scalability and breadth of
features of the nCino Bank Operating System not only aligns
with our plans and vision for the future, but has already had an
immediate positive impact on our employees and customers."
"In a rapidly changing, increasingly digital environment,
S&T Bank is leveraging nCino's cloud-based technology to ensure
they are well-positioned to meet the needs of customers today and
in the future," said Paul Clarkson,
senior vice president of community and regional financial
institutions at nCino. "S&T has been a terrific partner
throughout our ongoing work across business lines, and we look
forward to helping them continue to achieve their growth
initiatives and digital strategy goals."
About nCino
nCino is the worldwide leader in cloud-banking. Its Bank Operating
System improves employee efficiency while enhancing the customer
experience for onboarding, loans and deposits across all lines of
business. Transforming how financial institutions operate through
innovation, reputation and speed, nCino works with more than 250
financial institutions globally whose assets range in size from
$200 million to $2 trillion. A proven leader, nCino is part of
the Forbes Cloud 100 and was named the #1 "Best Fintech to Work
For" by American Banker. Follow @nCino or
visit www.ncino.com.
About S&T Bancorp, Inc. and
S&T Bank
S&T Bancorp, Inc. is a
$7.2 billion bank holding company
that is headquartered in Indiana,
Pennsylvania and trades on the
NASDAQ Global Select Market under the symbol STBA. Its principal
subsidiary, S&T Bank, was recently named by Forbes as a 2019
World's Best Bank and a 2018 Best-in-State Bank. Established in
1902, S&T Bank operates in five markets including Western Pennsylvania, Central Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. For more
information visit stbancorp.com, stbank.com, and follow us on
Facebook, Instagram, and LinkedIn.
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SOURCE nCino